Family Capital Management Inc. Lowers Position in Goldman Sachs BDC, Inc. (NYSE:GSBD)

Family Capital Management Inc. decreased its holdings in shares of Goldman Sachs BDC, Inc. (NYSE:GSBD) by 52.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 15,441 shares of the financial services provider’s stock after selling 17,196 shares during the period. Family Capital Management Inc.’s holdings in Goldman Sachs BDC were worth $226,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. bought a new stake in shares of Goldman Sachs BDC during the 1st quarter worth $209,000. Cetera Advisor Networks LLC purchased a new position in shares of Goldman Sachs BDC in the 1st quarter worth about $245,000. BlackRock Inc. increased its position in shares of Goldman Sachs BDC by 139.2% during the 1st quarter. BlackRock Inc. now owns 676,501 shares of the financial services provider’s stock valued at $13,266,000 after purchasing an additional 393,739 shares during the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of Goldman Sachs BDC by 203.2% during the 1st quarter. Great West Life Assurance Co. Can now owns 39,232 shares of the financial services provider’s stock valued at $819,000 after buying an additional 26,293 shares in the last quarter. Finally, Raymond James Trust N.A. lifted its position in Goldman Sachs BDC by 63.6% in the 1st quarter. Raymond James Trust N.A. now owns 36,809 shares of the financial services provider’s stock worth $721,000 after buying an additional 14,311 shares during the last quarter. 28.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Goldman Sachs BDC from $14.50 to $15.00 and gave the company an “equal weight” rating in a research note on Monday, January 29th. StockNews.com lowered Goldman Sachs BDC from a “buy” rating to a “hold” rating in a research note on Saturday, March 9th.

Goldman Sachs BDC Trading Up 0.9 %

Shares of NYSE GSBD traded up $0.13 during trading hours on Thursday, hitting $15.26. The company’s stock had a trading volume of 442,800 shares, compared to its average volume of 593,796. Goldman Sachs BDC, Inc. has a 12 month low of $12.75 and a 12 month high of $15.65. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.13 and a current ratio of 1.13. The business has a 50-day simple moving average of $15.16 and a 200-day simple moving average of $14.83. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 8.43 and a beta of 1.13.

Goldman Sachs BDC (NYSE:GSBD) last released its quarterly earnings results on Wednesday, February 28th. The financial services provider reported $0.55 earnings per share for the quarter, missing the consensus estimate of $0.57 by ($0.02). Goldman Sachs BDC had a net margin of 43.06% and a return on equity of 15.05%. The company had revenue of $115.40 million during the quarter, compared to the consensus estimate of $117.09 million. On average, analysts anticipate that Goldman Sachs BDC, Inc. will post 2.18 earnings per share for the current fiscal year.

Goldman Sachs BDC Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Shareholders of record on Thursday, March 28th will be issued a $0.45 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.80 annualized dividend and a yield of 11.80%. Goldman Sachs BDC’s dividend payout ratio (DPR) is presently 100.00%.

Goldman Sachs BDC Profile

Goldman Sachs BDC, Inc is a business development company specializing in middle market and mezzanine investment in private companies. It seeks to make capital appreciation through direct originations of secured debt, senior secured debt, junior secured debt, including first lien, first lien/last-out unitranche and second lien debt, unsecured debt, including mezzanine debt and, to a lesser extent, investments in equities.